Gender Equality
When sport breaks down walls
On the 9th of November 2019, we celebrated the 30th Anniversary of the Fall of the Berlin Wall, an event which has become a global icon for positive, disruptive change, a symbol of reunification and justice.
Une histoire personnelle
Appelons-la Magda. Le nom est inventé, mais l’histoire est vraie. Elle est née au Lesotho il y a 35 ans. Sa vie illustre le fléau que subissent les femmes en termes de violences physiques, sexuelles et psychologiques.
Le moment est venu dexprimer notre solidarité envers les Haïtiennes
Je n’oublierai jamais le moment où le séisme a frappé Dodoma, dans mon pays natal la Tanzanie, en 2002, lorsque j’étais membre du Parlement. N’ayant aucune idée de ce qu’il fallait faire dans ces caslà, je suis sortie instinctivement en courant. Si j’ai eu de la chance que les secousses aient causé peu de dégâts, j’ai compris combien nous étions fragiles. Le séisme qui a dévasté Haïti a ravivé ces souvenirs avec force et mes pensées sont allées vers mes collègues ainsi que vers le peuple haïtien qui ont été profondément touchés.
Interview: The legacy of Giovanni Falcone: Never lower your head, be brave and always fulfil your commitments until the end
Your brother was a great judge and statesman, among the first to understand the real dimensions of the mafia phenomenon and the importance of judicial cooperation. His work and legacy have helped to change the strategies to combat organized crime. His path has been defined by the spirit of sacrifice and the awareness of risks. He was born and he lived in Sicily and was surrounded by forms of acceptance and resignation caused by the Mafia. What was his relationship with his land? Can you tell us about how he developed his strength and determination in Sicily?
Women and prevention of violent extremism: Does it work — and if so, how?
Innovative approaches in countering violent extremism are not only a question of philosophy, but also of pragmatism. We need a new dialogue to strategize how to establish a consensus/springboard from which to reinforce local, national and global security. We don’t need to analyse what has not worked, but actually focus on analysing what is working.
The impact of foreign direct investment on gender inequality in India
This paper examines the effect of foreign direct investment (FDI) on female employment and wages in India. Using both household-level and plant-level data, it estimates the impact of industry-level FDI inflows on employment, wages and the gender wage gap for skilled and unskilled female workers. Further, it estimates whether there are any “cultural transfers” or spillovers in terms of gender norms from more gender-equal countries through this FDI. In order to estimate this, a weighted industry-level Gender Inequality Index (GII) is created. The main findings are that although FDI leads to an increase in employment of unskilled female workers, it worsens the gender wage gap. Further, there is no strong evidence of cultural spillovers to skilled female workers. This may be explained by the fact that multinational enterprises choose to adopt local institutions in order to be successful in developing-country markets, thereby losing some of their ownership advantages.
Articles: Introduction to the Transnational Corporations special issue on multinational enterprises and gender equality
Foreign direct investment (FDI) and multinational enterprises (MNEs) are important sources of financing for developing countries. In this context, the United Nations Conference on Trade and Development (UNCTAD) has a long track-record of looking at both spillovers from FDI and gender equality. The policy study on investment by transnational corporations and gender provided a preliminary review of the academic literature on the impact of foreign investment on gender policy and practice, focusing on the wage and employment effects, and the related potential for women’s empowerment (UNCTAD, 2014). In addition, the 2020 World Investment Report (UNCTAD, 2020a) describes that the world’s leading multinational enterprises are increasing their gender equality reporting and policies, contributing to broader female representation and positive development impacts. Finally, several of the papers in this special issue served as background research for the UNCTAD (forthcoming) policy report on The International Transmission of Gender Policies and Practices: The Role of Multinational Enterprises. This original academic research was presented at an expert group meeting in May 2020, which brought together researchers, practitioners, and policymakers to discuss tangible policy recommendations and development impacts, while formally validating the quality of the research as part of the review process.
Can multinational firms promote gender equality? The role of labour mobility
A long and well-established literature exists on the role of multinational enterprises (MNEs) in transferring technology around the globe, enhancing local productivity. However, we know very little about the impact of foreign direct investment (FDI) and multinational enterprises on gender policy and practice. In this research, we focus on the role of MNEs in potentially promoting female empowerment and gender equality in Brazil. First, the research performs a descriptive exercise on the gender composition and gender earnings gaps at MNEs versus domestic firms. Then, we ask whether workers moving from multinational to domestic firms can transfer information about gender practice, by exploring the relationship across domestic firms with various proportions of workers with previous experience in a multinational. Unfortunately, despite the many theoretical reasons to expect MNEs to support and transfer best practice in gender policy, these ideas are not borne out in the data. Multinational firms employ fewer women and exhibit higher gender earnings gaps than their domestic firm counterparts. For this reason, it is no surprise that domestic firms with high shares of former MNE workers are not different from domestic firms with fewer former MNE workers in terms of gender policy and practice. Our work emphasizes the need for domestic policy to enhance the status of women in the economy and the international community to support best practice in gender policy across all types of firms.
Foreign direct investment and gender inequality: evidence from South Africa
We study an often-overlooked factor behind gender inequality: globalization, in particular, foreign direct investment (FDI). Building on a growing literature that studies the impact of trade and FDI on gender inequality, we test whether foreign-owned firms exhibit a different gender wage gap (GWG) than firms with domestic ownership, using unique South African administrative matched employer-employee data. We find that the unconditional GWG is substantially smaller in foreign-owned firms than in firms with domestic ownership. We also find that for foreign-owned firms this difference is reversed once we control for a large set of fixed effects. In our preferred specification, foreign-owned firms have a larger GWG of about 2.4 percentage points. The share of women employed in foreign firms is lower than in firms with domestic ownership, in contrast to similar studies, which may indicate an underlying inequality in opportunities for women within a developing country context.
UNCTAD Insights: The role of multinational and trading enterprises in employment and the gender pay gap: Evidence from Finland
This paper constructs and analyses a set of novel indicators on gender equality in the business sector, which focus on multinational enterprises and foreign traders in Finland. The descriptive analysis reveals large differences in the share of women and men employed in the best paying professions, especially in multinationals. Dynamic analysis shows that foreign investment typically results in pay increases for males, while this is not true for women. These disparities are strongest among managers and professionals working in the most profitable firms. A blueprint is provided for linking business statistics and social statistics to enable analyses of gender inequalities in the labour market.
The role of regulation and MNEs in ensuring equal opportunities for women
Government policy and private sector practice have the ability to spread gender equality, which can have an impact on growth and development. Over the past years, an upsurge has been observed in trade agreements that carve out space for gender issues in their agendas. The same is not true for international investment treaties. Foreign direct investment inflows can lead to more opportunities for women in the job market but may also exacerbate disparities. This paper aims to address and compare the role and effect of gender provisions in trade and investment agreements, and to shed light on additional policies that may be needed to ensure that governments and multinational enterprises address gender constraints.
Insider’s advantage: when foreign firms do not capture opportunity in the local labour market
Previous studies have argued that, relative to local firms, multinational firms may have an “outsider’s advantage” in hiring women. Using a large data set of executives in the countries of the Gulf Cooperation Council, in a region with some of the lowest rates of female labour force participation in the world, I present new evidence of a setting in which foreign firms do not capture opportunity in the local labour market. I find that foreign firms, on average, are not more likely than local firms to hire female executives and are less likely to place women into top management roles. I propose that foreign firms may have fewer social networks and resources, or lack “insider’s advantage”, relative to local firms for recruiting women into executive positions.
Foreign investment and female employment in Viet Nam
This paper investigates how the interplay between foreign direct investment (FDI) and the availability of technology affects labour market outcomes for women in Viet Nam. Using household surveys, we explore the relationship between industrial exposure to FDI, access to technology, and employment and wages. We find that FDI is associated with increases in employment and wages by more in hightechnology areas of the country. In areas of the country with weak technology, foreign investment is associated with lower employment and lower wages, particularly for men. Together, these results highlight the importance of absorptive capacity; that is, to truly benefit from foreign investment, the domestic economy needs a sound education system and established technology. We also find that an equal increase in foreign investment in high-tech provinces is associated with larger increases in top wages for men than for women. In general, these results suggest that foreign investment may be associated with a rising gender wage gap at the high end of the wage distribution.
Women empowerment, supply chain linkages and FDI: Evidence from Bangladesh
This paper studies foreign direct investment spillovers on the gender-related labour market practice of domestic firms, based on a unique firm-to-firm data set of Bangladesh’s textiles and garment sectors. The paper looks at the female employment of domestic firms that are directly and indirectly related to foreign- owned firms through supply chain linkages. These domestic firms are either the local suppliers or customers of foreign-owned firms, or they share local suppliers and customers with foreign-owned firms. The estimates show that domestic firms related to foreign-owned firms have significantly more female administrative workers, but not necessarily more female non-administrative workers, owing to the former participating in more firm-to-firm interactions.
Foreign acquisitions and female employment in manufacturing firms: An empirical analysis for Chile
This paper analyses the effect of foreign ownership on female employment using micro-level data from the Chilean Manufacturing Survey. Particularly, it examines whether foreign-acquired firms hire proportionately more female workers than domestic firms. To control for the possible endogeneity of the foreign acquisition decision, we use propensity score matching combined with a difference-in- differences approach. In addition, we compare firms operating in the same industry-year. Our results show that foreign ownership increases the share of female workers within the firm. One year after acquisition the share of female workers is 1.64 percentage points higher in acquired firms than in non-acquired firms, and this figure increases to 3.55 percentage points two years after acquisition. When we separate female workers into skilled and unskilled categories, we observe that the positive effect of foreign acquisition is present only for skilled women. One year after acquisition, the share of skilled women is 4.60 percentage points higher in acquired firms than in non-acquired ones, and two years after acquisition this figure increases to 6.63 percentage points. We also present evidence that foreign acquisition increases the share of skilled women only when the acquired firm was not an exporter before its acquisition, supporting Becker’s (1957) theory on taste- based discrimination.
Evidence-based policymaking in a VUCA world
In a volatile, uncertain, complex and ambiguous (VUCA) world, responses by governments to global shocks will vary in substance and rate of success. We argue that policymakers can make better decisions when high-quality evidence is incorporated into an evidence-based policymaking (EBP) process. To generate high-quality evidence for analysing shock events, researchers should use event analysis, a methodological approach for exploring research questions such as the timing, frequency and patterns of events and their antecedents and consequences. We discuss four types of research methods used in event analysis and their relative appropriateness for analysing different categories of events. In particular, we argue that one method – the event study – is well suited for analysing crises, i.e. shock events that involve high threat, short decision-making time and surprise. We conclude that understanding and using the tools of event analysis is key to successful EBP in a VUCA world.
Key Success Factors of SME Internationalisation: A Cross-Country Perspective
This book is a valuable reference document for the study of the evolution of contemporary socioeconomic life, marked by radical changes in structures, behaviours, methods of production and consumption, and rules of the social game. The current changes are of a “revolutionary” nature and thus make possible the vision of the future, which is necessary to decide on investments (material or immaterial). The uncertain dominates. Optimistic thinkers or actors believe that insofar as nothing is safe, everything is possible. But we still have to understand what is desirable, necessary or possible, because opportunities and risks are linked. The analysis of key success factors that are, or have been, actually operational is therefore of the highest interest.
Overcoming institutional voids in the home country for internationalization: an exploratory examination of institutional strategies of Indian MNEs
This study draws upon the institution-based view to examine the role of market and non-market institutional strategies of multinational enterprises from emerging markets (EMNEs) in shaping their decisions on outward foreign direct investment (OFDI) (decision to engage in OFDI and volume of investment). The proposed conceptual framework is tested on the OFDI decisions of listed Indian firms during the period 2008–2018. The results of random effects logistic regression and tobit regression provide robust evidence for the positive impact of institutional substitution and institutional signaling strategy on the decision to engage in OFDI as well as the volume of investment. An institutional borrowing strategy affects only the decision to engage in OFDI, whereas an internalization strategy does not help EMNEs while internationalizing. The study contributes to the literature on institutional voids and institutional escapism by identifying the strategies that facilitate overseas expansion. It adds to the EMNE literature, which has focused lately on explaining the role of non-market strategies in internationalization. The results of the study indicate the need for policy initiatives geared towards filling information voids, strengthening legal systems and development of credit markets.
Green lemons: overcoming adverse selection in the green bond market
As the green bond market continues to develop and assume a critical role as a post-pandemic vehicle for supporting a balanced economic rebuild and credible transition efforts, policymakers must reassess the current disclosure regime. This paper derives findings from Bayesian games to demonstrate that the prevailing labelling regime for green bonds is susceptible to the adverse selection problem; due to informational asymmetries, allocative inefficiencies arising from capital misallocation to inherently “non-green” bonds may ensue. To prevent the erosion of confidence in the market segment and support the potential of impact finance instruments to affect positive social and environmental change, this paper draws on established game theory frameworks to inform recommendations for policyled solutions to uphold the market’s credibility. These recommendations concern the integration of a regulatory infrastructure, a centralized ongoing audit under an “exogenously costly” regime and the introduction of a clearer course for legal recourse against issuers that mislabel bonds.
Harnessing power within global value chains for sustainable development
Global value chains (GVCs) are a powerful vehicle through which multinational enterprises (MNEs) can help address the grand challenges that humanity faces. But optimally utilizing GVCs for sustainability requires fundamental changes in corporate behaviour. In this paper we expound the concept of MNE economic power within GVCs and discuss needed changes for MNE business models to fill governance gaps. We debate the renewed role of public governance to promote social and environmental standards along GVCs and outline policies that governments should adopt to help MNEs and lead firms alter their business model.
Who owns international business?
International business in the past century has largely been the domain of large multinational enterprises and banks, as well as small exporting and importing companies. The scope of international business activity has grown in recent years, and today there are many State-owned companies involved in international business activities, as well as financial investors rather than only industrial or commercial companies undertaking foreign direct investment (FDI). Government policy toward international business has largely been supportive since the 1990s, while concerns have arisen particularly in regard to the activities of State-owned enterprises and also the activities of non-traditional investors such as investment funds. To achieve the greatest benefits from FDI and trade, governments need to understand which companies are making the key decisions in global value chains and to collaborate in rule-setting and in guiding companies to pursue desirable activities and to limit non-business goal-seeking.
A reassessment of UNCTAD’s transnationality indices in the digital economy
This research note reassesses UNCTAD’s transnationality indices in light of recent economic trends that are quickly changing the international investment landscape: the digital economy, the new industrial revolution and the resulting asset-light international business models. The recent international “Agreement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy” through the Base Erosion Profit Shifting project emphasizes the importance of fully understanding and correctly interpreting the implications of digitalization for investment and development policy. The analysis shows that UNCTAD’s internationalization indices are still able to capture relevant structural changes but could benefit from several fine-tuning options to allow a clearer interpretation and consequently a better elaboration of policy advice. Relevant policy areas include international taxation, as suggested by the analysis of the FDI lightness index, but also employment and more generally development strategies of host economies.
Exports, trade costs and FDI entry: evidence from Japanese firms
Why does aggregate foreign direct investment (FDI) fall with distance? We conjecture that high trade costs adversely affect FDI entry decisions in a dynamic setting, even when controlling for previous export experience in foreign markets. We test this hypothesis using Japanese firm-level data for the period of 1995–2018, and find that the probability of FDI entry decreases with distance. We conclude that trade costs limit a firm’s ability to assess foreign market uncertainty. As a result, a firm may exit a foreign market before realizing the potential profitability and never establish an affiliate there. This result is highly relevant for policymakers, as it proves that trade liberalization and FDI facilitation policies may reinforce each other, resulting in a compound effect for both exports and FDI.
Investing in sustainable infrastructure: new directions for international business research
In the global economy today, there is both a supply-side push of large amounts of stimulus funding being directed at infrastructure investment and a corresponding demand-pull, with nearly all of the countries in the world committing themselves to the Sustainable Development Goals and to the transition to a net zero economy. In the energy sector, the pressure to rapidly increase the proportion of renewable capacity, primarily wind and solar, has created unprecedented opportunities for investment, but it also raises concerns about the availability of project finance investors to execute all of these projects, particularly in developing countries. We discuss three areas of future research that address the causes and remedies for such capacity constraints, namely, the structuring of project finance investment, demonstration effects, and the role of technological complementarities and leapfrogging in developing countries.
International venturing and investment: global citizens and golden visas
Countries attract foreign investors, “entrants”, to invest and venture by employing policy programmes and marketing strategies. Country attractiveness for foreign investors relates to international competitiveness. Instruments building a formal status, such as golden visas and citizenship, are used to attract individual foreign investors and their families. These are often cosmopolitan people, i.e. global citizens but also global diasporans. They contribute to the economy, ideas and transnational entrepreneurial ecosystems. These policy instruments are criticized partly due to missing legitimacy, partly due to concerns about geopolitics and international crime. However, diasporic investors manifest different motivations and commitments, making them particular. This study examines what kind of investor programmes are offered to different foreign migrant investors and whether they address diasporic ties. It presents a country comparison of investor policy pathways towards citizenship. It contributes to the literature on migrant investment and policymaking.
World Investment Forum 2021: insights from the Academic Track and a future research agenda
Home-country export regulations, credit markets, and corruption: implications for different types of internationalization
Direct exporting activities and outward foreign direct investment (OFDI) are two types of internationalization that differ in firms’ opportunities, resources and risks. We study home-country institutional factors for internationalization and empirically investigate the direct and joint effects of export regulations, credit markets and corruption in explaining exporting and OFDI from a country. Using country-level data from 96 developed and developing countries between 2000 and 2018, we test a series of hypotheses and examine nonlinearity in the relationships. The results of the study suggest that export regulations partially affect exporting but do not affect OFDI. Access to financial resources can be critical in parts for both exports and OFDI. The findings also show that corruption can have different implications for exports and OFDI. The interactions of corruption with export regulations and credit markets reveal some unexpected and counter-intuitive results, highlighting the importance of distinguishing between the direct and indirect (joint) effects of business environment factors and corruption on exports and OFDI. The results of the study contain important information for policymakers.
Implications of rising trade tensions for FDI projects
This paper offers preliminary evidence of the extent to which global FDI patterns have responded to the sharp increase in trade barriers since 2018, focusing in particular on the impact of new United States tariffs imposed on imports from China. Using detailed project-level data on new greenfield FDI as well as complementary research, this paper tracks the differential changes in FDI across countries and industries most affected by the trade tensions. There is some evidence of diversion to South-East Asia in specific industries, confirming findings of other research, but the aggregate effect on investment in China is limited and the overall effect on investment in South-East Asia is actually negative. A possible explanation lies in the importance of global value chain linkages as key determinants of firms’ investment decisions.
The relationship between perceived corruption and FDI: a longitudinal study in the context of Egypt
This paper investigates the dynamic relationship between perceived corruption and foreign direct investment (FDI) in Egypt during the period 1970–2019. Using a novel back-casting methodology, it extrapolates perceived corruption time series between 1970 and 1980. The results of the Johansen cointegration technique and the multivariate vector error correction model show a positive relationship between perceived corruption and FDI, supporting the “greasing the wheels” effect of corruption. This positive association can be explained by several factors, such as the cross-interdependence of rent-generating assets with perceived corruption and FDI, and the use of FDI data based on the balance of payments that has growing financial-flows and phantom-FDI components. The findings of this paper have important policy implications. Improving the fundamental governance structure in Egypt should be accompanied by a comprehensive investment facilitation strategy to compensate for the removal of “grease” from the “wheels”.
Globalization of innovation: the moderating role of project-level investment strategy and country type in location choice for R&D-related FDI
The current stage of globalization involves geographically dispersed research and development (R&D) investments that are not confined to advanced economies. These cross-border R&D investments are driven by multinational enterprises’ (MNEs’) strategies for exploring and/or exploiting foreign locations. In this paper, we analyse location choice and the moderating effect of project-level investment strategy (i.e. exploration or exploitation) and type of host economy (i.e. advanced or emerging) on the importance of the innovation framework and local innovation capabilities. Our analysis of 588 R&D-related foreign direct investment (FDI) projects in the pharmaceutical and biotech industries during the 2006–2016 period reveals that whereas a host country’s innovation framework and capability overall do affect the location decision, their ultimate effects are conditional on the combination of project-level investment strategy and type of economy. Our findings have policy implications for FDI policies aiming at enhancing linkages between MNEs and local actors and national science, technology, innovation and educational policies and programmes.
The global governance of FDI and the non-market strategies of TNCs: explaining the “backlash” against bilateral investment treaties
This article seeks to explain recent decisions by countries to terminate their existing bilateral investment treaties (BITs) and revisit their commitment to future international investment agreements (IIAs). It argues that BITs, transnational corporations (TNCs), host States and international arbitration institutions form a decentralized system of global governance of foreign direct investment (FDI), based on insights from the fields of international political economy and international law, and that the nonmarket strategies of these TNCs have not only shaped the contours of this system but have also prompted host States to reform this system, from the perspective of a “political bargaining model”. The article illustrates this argument through the case of South Africa, which terminated its BITs with several European countries as a response to cases of investor–State dispute settlement (ISDS) and has sought to redefine its engagement with this system of global governance as a result.
Post-pandemic reconfiguration from global to domestic and regional value chains: the role of industrial policies
The COVID-19 pandemic is expected to trigger a reconfiguration of global value chains according to four alternative trajectories: reshoring, regionalization, replication and diversification. This paper focuses on the first two scenarios. On the basis of a review of the extant reshoring literature and policies implemented in several major developed and emerging economies, we present a comprehensive framework to classify and analyse the evolution of such policies before and after the pandemic. The paper develops some policy recommendations suggesting that reshoring policies need to be supported by and combined with industrial policies enforcing the competitiveness and sustainability of production systems.
An evaluation of the effects of the European Commission’s proposals for the Common Consolidated Corporate Tax Base
This paper evaluates the Common Consolidated Corporate Tax Base (CCCTB) recently proposed by the European Commission. We find that if the CCCTB is introduced as it is currently proposed (including loss consolidation), then it is likely to impose large tax revenue costs of about one fifth of the corporate tax base. Second, we show that an application of the CCCTB proposals at only the European Union (EU) level would overlook the extent of profit shifting out of the EU and could lock in further unnecessary revenue losses. Third, major EU profit-shifting countries such as Luxembourg, Ireland and the Netherlands may experience significant revenue losses. Based on our analysis, the main policy recommendation is to consider extending the approach to a worldwide system, which would simultaneously deal with profit shifting within and out of the EU, and appears to offer the best prospect for revenue-positive, welfare-enhancing reform. For this to be viable, an immediate priority is to collate cross-country-comparable data and provide precise assessments of the range of policy scenarios.
Cultural spillovers from multinationalto domestic firms: Evidence on female employment in Costa Rica
We study cultural spillovers from multinational corporations (MNCs) to domestic companies in the information technology (IT) sector of Costa Rica. Using firm-level panel data for 2001–2011, we explore to what extent domestic firms’ female labour share increases as a result of business operations of MNCs. We find evidence of two channels for cultural spillovers from foreign direct investment (FDI) to domestic IT firms influencing higher shares of female employment: learning (imitation) effects through labour mobility, which allows former MNC employees working in domestic firms to apply skills and gender practices from their previous work experience, and demonstration effects with the presence of MNCs (through competition in the labour market), which include imitation of social norms and values of MNCs by local firms. No evidence was found for a relationship between backward linkages (purchases) of MNCs from domestic suppliers and female labour share. To promote greater participation by women in labour markets through FDI attraction, strengthening cultural spillovers would require implementing FDI promotion policies to (i) enhance the absorptive capacity of domestic IT firms, (ii) attract IT MNCs with greater potential to generate spillovers, and (iii) foster a favourable national investment climate for enhancing business interactions between IT MNCs and domestic IT firms.
Rapid FDI of emerging-market firms: foreign participation and leapfrogging in the establishment chain
This research explores the enablers of emerging-market firms (EMFs) leapfrogging in the internationalization process. Although many studies on rapid internationalization focus on exporting activities, we expand the concept to a higher-commitment entry mode: foreign direct investment (FDI). In addition, we investigate the role of an understudied force, foreign multinational enterprises (MNEs) in emerging markets, in enabling rapid internationalization of EMFs. Our hypotheses are tested using 1,612 first-time outward FDI projects from China between 2000 and 2014. The largely supported results suggest that minority foreign ownership and colocation with foreign MNEs allow EMFs to leapfrog certain stages in the establishment chain. Our findings offer alternative explanations, besides the government steward logic, to EMFs’ international expansion and contribute to the understanding, from a policy standpoint, that encouraging foreign-local partnerships is conducive to host-country industrial upgrading.
UNCTAD insights: Forecasting global FDI: A panel data approach
The future patterns of foreign direct investment (FDI) are important inputs for policymakers, even more so during severe economic downturns, such as the one caused by the COVID-19 pandemic. Yet, there is neither empirical consensus nor significant ongoing empirical research on the most appropriate tool for forecasting FDI inflows. This paper aims to fill this gap by proposing an approach to forecasting global FDI inflows based on panel econometric techniques – namely the generalized method of moments – accounting for the heterogeneous nature of FDI across countries and for FDI dependence across time. The empirical comparison with alternative time-series methods confirms the greater predictive power of the proposed approach.
Articles: When near is far and far is near: Physical and constructed dimensions of geography and their implications for inward FDI performance
Building on a sociology theory of space, we conceptualize physical geography as separated from its constructed connotations and suggest that the impact of geographic location on countries’ attraction for foreign direct investment (FDI) is contingent upon their constructed qualities – that is, their unilateral characteristics and connectivity to other countries. Quantile regression analyses confirm these predictions and show notable variations across the distribution of FDI. The findings show that geography is not destiny and should rather be treated as an endogenous country characteristic whose consequences for FDI are subject to actions of policymakers and firms. Subsequent analyses show that the level of economic development affects the relationships between the physical and constructed consequences of geography on FDI, introducing significant differences between developed and developing countries. We outline the role for policy in shaping the contingencies that affect the relationships between geographic location and FDI.
Handbook on Effective Police Responses to Violence against Women
La Protección de las Niñas, los Niños y los Adolescentes Afectados por la Violencia Armada en la Comunidad
Esta publicación analiza el complejo fenómeno de la violencia armada (diferente al conflicto armado) y presenta estrategias para proteger a las niñas, niños y adolescentes en contextos de violencia armada en la comunidad. Brinda visibilidad a la urgente necesidad de colocar a la niñez en el centro de las políticas y medidas que sean adoptadas en materia de temas asociados a la seguridad a fin de construir comunidades seguras, amigables y sostenibles.
Mainstreaming Gender in Free Trade Agreements
This report presents recommendations to boost the participation of women in trade through free trade agreements. Policymakers and trade negotiators will find a new toolkit to gauge gender responsiveness in their agreements. These lessons are based on a research assessment of 73 selected free trade agreements in force among 25 Commonwealth countries, and top-line recommendations and model clauses for countries to adapt. The recommendations include embedding gender provisions in the preamble, leveraging corporate social responsibility, using reservations, waivers and general exceptions, and strengthening monitoring and dispute settlement mechanisms.
Harnessing Agricultural Trade for Sustainable Development: Vanuatu Cocoa and Coconut
The study builds on the National Green Export Review (NGER) of Vanuatu and leverages UNCTAD expertise in key analytical areas, including non tariff measures, voluntary sustainability standards (VSS), the trade agriculture gender nexus, and pro poor structural rural diversification through trade. Invaluable support was provided by the Government of Vanuatu, in particular, the Department of Industry, which generously shared information, facilitated multi stakeholder consultations and reviewed the final draft. The information in this report has been gathered from various sources, including interviews with key stakeholders in the country. To this purpose, missions were carriedout in Port Vila, Vanuatu, in 2017 and 2018. Interviews were conducted with public and private stakeholders, including representatives from the Department of Industry, the Department of Agriculture and Rural Development, the Department of Women’s Affairs, the National Statistics Office, the Government Chief Information Officer, the private sector, International Organisations and the donor community.
Los derechos de la mujer son derechos humanos
Livre blanc sur les progrès, les succès et les perspectives d’avenir dans le transport par voie navigable
C’est la troisième édition d’un document d’orientation sur la situation actuelle, les tendances et les défis du transport par voie navigable sur les voies de navigation intérieure européennes d’importance internationale dans la région de la Commission économique pour l’Europe. Le livre blanc décrit l’état actuel du réseau de voies navigables E, l’évolution du cadre institutionnel et réglementaire de la navigation intérieure depuis 2011, les programmes et activités récents de la CEE, de l’Union européenne et d’autres organisations internationales. Le livre blanc identifie huit domaines prioritaires pour rendre les transports par voies navigables dans la région de la CEE plus durable et concurrentiel, et formule des recommandations de politique générale pour les actions de la CEE pour chacun d’eux.
International Migration 2019 Wall Chart
International Migration 2019 wall chart provides up-to-date information on global estimates of the number of international migrants for all countries and areas of the world, disaggregated by age, sex, country of origin and country of destination. This wall chart is based on the latest data on international migration for 232 countries and areas of the world from the 2019 revision of the International Migrant Stock dataset, covering the period from 1990 to 2019.
Gender Equality: Women’s Rights in Review 2020
2020 marks the 25th anniversary of the adoption of the Beijing Platform for Action. It also marks the first time that progress on the implementation of the Platform is reviewed in light of the 2030 Agenda for Sustainable Development, adopted in 2015. This report therefore takes an integrated approach to reporting on progress, gaps and challenges related to the advancement of gender equality and women’s rights across six dimensions that link the Platform’s critical areas of concern and the Sustainable Development Goals. It finds that there have been important gains since the adoption of the Beijing Platform in 1995, but that progress towards gender equality has stalled and even reversed in some areas in recent years. Across the globe women’s movements, energized by young feminists at the helm, are challenging slow and piecemeal progress and are impatient for systemic change. World leaders can learn from the ways in which these movements work across silos and political boundaries, seeing their work to advance the rights of women and girls as inextricably linked to the achievement of economic, social and environmental justice for all. The report features their voices that must be heard and acted upon. The report also highlights catalytic policies and programmes under each of the six dimensions as well as a number of cross-cutting strategies that can accelerate the implementation of the entire Platform for Action for this generation and the next.
Global Gender and Environment Outlook 2016
The Global Gender and Environment Outlook (GGEO) provides an overview of critical evaluations and analyses of the interlinkages between gender and the environment, and their importance for gender-sensitive policymaking and actions. The GGEO was first proposed by the Network of Women Ministers and Leaders for the Environment (NWMLE) to UNEP at the United Nations Conference on Sustainable Development (Rio+20). The 2014 United Nations Environment Assembly subsequently welcomed the development of the GGEO, and the use of social science information and gender relevant indicators to examine the links between gender and the environment. The report describes policy options and concrete opportunities to contribute to the future we want - a future of justice and equality that leaves no one behind. It reflects and builds on the ground-breaking work of hundreds of scientists, policy experts, gender advocates and members of community groups. And it examines a wide range of topics, including food production, water and sanitation, energy, sustainable consumption and production, fisheries and fishing communities, and forests and those who depend on them for their livelihoods.
Gender, The Environment and Sustainable Development in Asia and the Pacific
This publication is the first Asia-Pacific report that comprehensively maps out the intersections between gender and environment at the levels of household, work, community and policy. It examines gender concerns in the spheres of food security, agriculture, energy, water, fisheries and forestry, and identifies strategic entry points for policy interventions. Based on a grounded study of the reality in the Asia-Pacific region, this report puts together good practices and policy lessons that could be capitalized by policymakers to advance the agenda of sustainable development in Asia and the Pacific.
Guidelines for Producing Statistics on Asset Ownership from a Gender Perspective
This publication provides national statistical agencies with guidance on collecting, processing, analysing and disseminating individual-level data on asset ownership (including dwellings, land and financial assets) for the production of gender statistics related to three objectives: 1) measuring the gender asset gap, or the differential prevalence of women’s and men’s asset ownership; 2) measuring the gender wealth gap, or the share of total wealth held by women; and 3) in households where more than one member is interviewed, understanding how asset ownership and wealth are distributed, by sex, within households. The publication introduces the concepts, definitions and data requirements for measuring asset ownership and control from a gender perspective and provides guidance on planning, organizing and implementing a household survey, or appending a module on asset ownership to a nationally-representative household survey. It also presents a set of indicators for monitoring women’s and men’s ownership and control of physical and financial assets at global and national levels, and it explains how data analysis can be employed to answer policy-relevant questions on asset ownership.
Integrating a Gender Perspective into Statistics
The primary objective of the manual is to foster a gender perspective in national statistics. Recognizing that systematic integration of gender in regular statistical activities is still missing in many countries, the manual has been designed to guide a sustainable development of gender statistics. The manual provides concrete information needed to accomplish three main goals: (a) achieve a comprehensive coverage of gender issues in data production activities; (b) incorporate a gender perspective into the design of surveys or censuses, by taking into account gender issues and gender-biases in measurement; and (c) improve data analysis and data presentation and deliver gender statistics in a format easy to use by policy makers and planners.
2018 Active Ageing Index Analytical Report
The report presents the latest Active Ageing Index (AAI) calculations and progress over time. The Active Ageing Index is a practical tool for policymakers that helps identify areas in which older people's potential for active ageing is not yet fully realised. It measures the level of which older people live independent lives, participate in paid employment and social activities as well as their capacity to actively age. The index is constructed from 22 individual indicators that are grouped into four domains. Each domain reflects a different aspect of active ageing. AAI also offers breakdown of results by sex to highlight the differences in active ageing for men and women.
Global Gender and Environment Outlook 2016: The Critical Issues
The Global Gender and Environment Outlook (GGEO): The Critical Issues provides an overview of critical evaluations and analyses of the interlinkages between gender and the environment, and their importance for gender-sensitive policymaking and actions. The GGEO was first proposed by the Network of Women Ministers and Leaders for the Environment (NWMLE) to UNEP at the United Nations Conference on Sustainable Development (Rio+20). The 2014 United Nations Environment Assembly subsequently welcomed the development of the GGEO, and the use of social science information and gender relevant indicators to examine the links between gender and the environment. The report describes policy options and concrete opportunities to contribute to the future we want - a future of justice and equality that leaves no one behind. It reflects and builds on the ground-breaking work of hundreds of scientists, policy experts, gender advocates and members of community groups. And it examines a wide range of topics, including food production, water and sanitation, energy, sustainable consumption and production, fisheries and fishing communities, and forests and those who depend on them for their livelihoods.
Handbook on Women and Imprisonment
This handbook aims to assist legislators, policymakers, prison managers, staff and non-governmental organizations in implementing international standards and norms related to the gender-specific needs of women prisoners, in particular the United Nations Rules for the Treatment of Women Offenders and Non-Custodial Measures for Women Offenders ('the Bangkok Rules'). It further aims to increase awareness about the profile of female offenders and to suggest ways in which to reduce their unnecessary imprisonment, including by rationalising legislation and criminal justice policies, and by providing a wide range of alternatives to prison at all stages of the criminal justice process. The handbook forms part of a series of tools developed by the United Nations Office on Drugs and Crime (UNODC) to support countries in implementing the rule of law and the development of criminal justice reform.
Social Panorama of Latin America 2007
Latin America has extremely high levels of social and economic inequality as well as insufficient social expenditure despite registering the highest growth in per capita GDP since the 70’s. This work provides the latest estimates for the countries of Latin America regarding poverty, residential segregation, impact of social expenditure on people’s well-being and psycho-social divides. It also analyses internal migrations as well as health programmes for indigenous people and women.
Social Panorama of Latin America 2004
The 2004 edition of the Social Panorama of Latin America analyses the major demographic changes that have occurred in the region over the past few decades, examines the socioeconomic status of Latin American youth, looks at institutional and programmatic guidelines for youth policies and describes how household structures and family roles have changed. As in past years, recent trends in poverty and income distribution in the Latin American countries are also reviewed.
Social Panorama of Latin America 2006
In the last four years, Latin America has turned in its best performance in twenty-five years in economic and social terms. Progress with poverty reduction, falling unemployment, improving income distribution in several countries and a strong upswing in numbers of jobs are the main factors underlying the positive trend in a number of the region's countries. The first two chapters of in this report look at the way the main social indicators have behaved in the last few years. The following two chapters address matters that, for different reasons, have come to figure prominently on government agendas.
Social Panorama of Latin America 2002-2003
The 2002-2003 edition of the Social panorama of Latin America explores issues related to many of the Millennium Development Goals. Three of the five chapters (on poverty, hunger and gender inequality) assess how likely it is that the countries of the region will succeed in meeting the targets in these areas agreed upon by the States Members of the United Nations for 2015.A chapter on social expenditure furnishes information on 18 Latin American countries and analyses trends in social spending over the last decade. The final chapter examines labour policy and singles out some interesting initiatives aimed at combating unemployment, poor job quality and underemployment.
Social Panorama of Latin America 2016
The central theme of this edition of Social Panorama of Latin America is social inequality, seen as a fundamental challenge and obstacle to sustainable development. Some of the axes and aspects of social inequality are addressed, drawing attention to how they intersect with and reinforce one another. The different chapters will examine inequalities in the distribution of income (personal and functional) and property; inequalities over the course of the life cycle; time-use inequalities between men and women; and the situation of Afrodescendent populations as an example of ethnic and racial inequalities. Recent trends in the amount of public resources available to finance social policies capable of tackling poverty and inequality and of promoting inclusive social development are also analysed.
Panorama Social de América Latina 2017
En esta edición del Panorama Social de América Latina, la Comisión Económica para América Latina y el Caribe (CEPAL) responde a preguntas de los países de la región sobre tres grandes temas: la desigualdad de ingresos de las personas y los hogares y su relación con la dinámica del mercado laboral, la evolución de la pobreza y sus determinantes, y los efectos de los sistemas de pensiones en la igualdad. Es necesario resaltar que su análisis de la pobreza en la región se basa en una importante actualización de la metodología utilizada, que mejora la comparabilidad entre países, insumo fundamental para un análisis agregado de su evolución y sus factores determinantes. Este esfuerzo se ha traducido en una nueva serie de datos regionales. Las nuevas series estadísticas correspondientes a los datos nacionales las hará públicas la CEPAL en el primer semestre de 2018, una vez concluidas las consultas con los respectivos países. Como en ediciones anteriores, en este documento se da continuidad al análisis de las dimensiones de la desigualdad social, al mismo tiempo que se presenta un nuevo estudio del contexto demográfico y las desigualdades en el mercado de trabajo y su relación con la cobertura y la calidad de las prestaciones de los sistemas de pensiones.
Social Panorama of Latin America 2017
In this edition of Social Panorama of Latin America, ECLAC has addressed the questions posed by the countries of the region in three major areas: income inequality between individuals and households and how these relate to labour market dynamics; the evolution of poverty and its determinants; and the effects of pension systems on equality. The poverty analysis in this 2017 edition is based on a major update of the methodology used; this offers improved comparability between countries, which is an essential input for conducting an overall analysis of how poverty and its determinants have evolved. This effort has led to the creation of a new regional data series. The new statistical series using the national data will be made public by ECLAC in the first half of 2018 once the consultations with the respective countries have been concluded. In this edition, as well as continuing the analysis of the dimensions of social inequality given in previous years, Commission presents a new study of the demographic context and labour market inequalities, and how these relate to the coverage and quality of pension benefits.
Social Panorama of Latin America 2009
This 17th version of the report - one of ECLAC’s most important flagship publications - provides estimates for 2009 on poverty and indigence in the region and analyses social spending and government social protection policies. The Social Panorama 2009 includes the following, among other issues: An analysis of social protection policies, including conditional transfer programmes and their re-distributive impact; a review of government social agendas before and during the crisis: actions, challenges and options; a diagnosis of who are most vulnerable to poverty in the region and how to protect them and, suggestions for a new social protection system in Latin America.
Social Panorama of Latin America 2012
This annual report examines the dynamics of paid employment in care activities in Latin American countries, as well as household expenditure on such work, and proposes normative criteria for public policymaking in this sphere. It also covers 1) poverty trends and determining factors in Latin America; 2) income distribution and social spending trends in the region; and 3) situation of disabled people in Latin American and Caribbean countries.
Panorama Social de América Latina 2015
En esta edición de 2015 del Panorama Social de América Latina se analizan las tendencias de la pobreza según las mediciones propias de la CEPAL. Asimismo, se revisan los cambios registrados en la distribución del ingreso y en algunas otras dimensiones de la desigualdad. Con el objeto de contribuir al avance de las políticas públicas para superar la pobreza y la desigualdad socioeconómica, además de examinarse las últimas tendencias del gasto social y los desafíos que presenta la transición demográfica, se profundiza el análisis de las persistentes brechas que se manifiestan en el mercado laboral, de los desafíos en materia de políticas y programas de inclusión laboral y productiva, y de la institucionalidad para el desarrollo social en América Latina.
Realizing Women’s Rights to Land and Other Productive Resources
Social Panorama of Latin America 2015
The 2015 edition of Social Panorama of Latin America analyses poverty trends, as measured by ECLAC. It also examines changes in income distribution and in other aspects of inequality. With a view to contributing to the development of public policies to overcome poverty and socioeconomic inequality, this edition examines the latest trends in social spending and the challenges posed by demographic change, and provides in-depth analysis of persistent gaps in the labour market, of the challenges facing policies and programmes that foster inclusion in the labour market and production, and of social development institutions in Latin America.
Panorama Social de América Latina 2016
El tema central de esta edición del Panorama Social de América Latina es la desigualdad social, considerada como un desafío fundamental y un obstáculo para el desarrollo sostenible. Se abordan algunos de los ejes y dimensiones de la desigualdad social, llamando la atención sobre la forma en que estos se entrecruzan y se potencian mutuamente. En sus distintos capítulos se examinarán las desigualdades en la distribución del ingreso (personal y funcional) y de la propiedad, las desigualdades a lo largo del ciclo de vida, las desigualdades en el uso del tiempo entre hombres y mujeres, y la situación de las poblaciones afrodescendientes como una de las manifestaciones de las desigualdades étnico-raciales. Asimismo, se analizan las tendencias recientes en cuanto a los recursos públicos disponibles para financiar políticas sociales capaces de hacer frente a la pobreza y la desigualdad y promover un desarrollo social inclusivo.
United Nations Disarmament Yearbook 2017: Part I
The United Nations Disarmament Yearbook, Volume 42 (Part I): 2017 is a compilation of the resolutions and decisions of the previous General Assembly, their voting patterns in the General Assembly and the First Committee, lead sponsors, sponsors and co-sponsors, references to First Committee report and dates of adoption.
United Nations Disarmament Yearbook 2018: Part I
The United Nations Disarmament Yearbook, Volume 43 (Part I): 2018 is a compilation of the resolutions and decisions of the 73rd session of the General Assembly, their voting patterns in the General Assembly and the First Committee, lead sponsors, sponsors and co-sponsors, references to First Committee report and dates of adoption.
United Nations Human Rights Guidance on Less-Lethal Weapons in Law Enforcement
After setting forth general principles on use of force, the guidance discusses international norms and standards on the use of less lethal weapons in a scenario-based, weapon-specific manner with a particular focus on the policing of assemblies. If a user in the field is attempting to determine whether law enforcement has used a less-lethal weapon improperly while policing an assembly, he or she can find a description of the weapon, and refer to various scenarios for lawful use, as well as scenarios of unlawful use. Crucially, he or she can also find the specific threshold of conduct, which makes use of that weapon permissible.
White Paper on the Progress, Accomplishments and Future of Sustainable Inland Water Transport
This is the third edition of a policy paper on the current situation, trends and challenges in Inland Water Transport on European inland waterways of international importance in the region of the Economic Commission for Europe. The White Paper describes the current status of the E Waterway Network, the evolution of the institutional and regulatory framework for inland navigation since 2011, recent programmes and activities of UNECE, the European Union and other international organizations. The White Paper identifies eight priority areas to make IWT in the ECE region more sustainable and competitive, and comes up with policy recommendations for UNECE actions for each of them.
Women Shaping Global Economic Governance
Women Shaping Global Economic Governance brings together contributions from leading policymakers and thought leaders from all across the world on how to shape our economies. Written entirely by women, this book is not about women. It is written by women who want to encourage everyone, including the 50% of the global population that are women, to contribute to shaping economic governance at a time where the world is impacted by a digital, environmental and social revolution. The essays and observations show women analysing the challenges confronting economic governance and formulating concrete proposals for how to navigate this period of turbulence.
United Nations Disarmament Yearbook 2019: Part I
The United Nations Disarmament Yearbook, Volume 44 (Part I): 2019 is a compilation of the resolutions and decisions of the 74th session of the General Assembly, their voting patterns in the General Assembly and the First Committee, lead sponsors, sponsors and co-sponsors, references to First Committee report and dates of adoption.
World Drug Report 2018
The 2018 World Drug Report includes an updated overview of recent trends on production, trafficking and consumption of key illicit drugs as well as highlighting a thematic area of concern. The Report contains a global overview of the baseline data and estimates on drug demand and supply, and it provides the reference point of information on the drug situation worldwide. The thematic focus of the 2018 Report presents information and issues related to drugs and women, youth and older people.
Emerging Solutions for Gender Equality 2018
The HeForShe Champions initiative confronts the gender inequalities faced in three key pillars of society: government, work and academia. Each Champion has made specific, stretching and measurable commitments towards achieving gender equality. This Report updates their progress over the past year, with hard data on gender representation and highlights of key achievements. This publication is packed with ideas turned into reality. It is a testament to the vision and hard work of everyone involved in the initiative.
Empowering Women Through Public Procurement
From Insights to Action: Gender Equality in the Wake of COVID-19
Since the start of the coronavirus pandemic, shrinking working hours, increased care burdens and heightened violence have exacerbated the challenges that women and girls face. Unless action is taken, by 2021 around 435 million women and girls will be living in extreme poverty, including 47 million pushed into poverty as a result of COVID-19. This publication from UN Women presents the latest evidence on the multiple impacts of the pandemic on women and girls, including how the crisis is affecting extreme poverty, employment, health, unpaid care and violence against women and girls. Policy action is urgently needed to protect women’s health and well-being, including ensuring access to sexual and reproductive health services. The response to COVID-19 must also take into account the risks borne by essential health workers, the majority of whom are women. The report calls for gender-responsive policies, including the introduction of economic support packages for vulnerable women, as well as long-term investments in social protection systems that reach all women and girls. Additionally, improving gender data collection and expanding research on the gendered impacts of COVID-19 will be vital to understand the pandemic’s impact on different groups of women and girls.
Family Planning and the 2030 Agenda for Sustainable Development (Data Booklet)
This booklet is based on the Estimates and Projections of Family Planning Indicators 2019, which includes estimates at the global, regional and country level of contraceptive prevalence, unmet need for family planning and SDG indicator 3.7.1 “Proportion of women who have their need for family planning satisfied by modern methods”.
Évaluation rapide de l’état de préparation du Mali au commerce électronique
Malgré ses difficultés pour faire face aux défis qui ont mis à l’épreuve les capacités de l’État et de la population à sauvegarder l’unité nationale et la sécurité, le Mali n’est pas resté à l’écart des transformations induites par les technologies de l’information et de la communication (TIC). Son gouvernement a lancé des initiatives dans les domaines de l’administration électronique et des infrastructures des TIC afin de tirer profit des opportunités fournies par le développement de ces dernières, notamment à travers l’adoption du référentiel Mali Numérique 2020, une stratégie nationale pour le développement de l’économie numérique. Une nouvelle dynamique régionale, impulsée par les Ministres du Commerce de l’Union Économique et Monétaire Ouest Africaine (UEMOA) dans la Déclaration ministérielle en date du 29 septembre 2017 visant à définir un plan de travail régional pour le développement du commerce électronique, permettra de soutenir les efforts du Mali dans ce domaine. Une première étape dans la préparation de ce plan a été initiée par la Commission de l’UEMOA, en coopération avec la CNUCED, avec l’organisation d’un atelier régional sur le commerce électronique, organisé à Ouagadougou du 9 au 11 octobre 2018. L’impulsion d’institutions régionales telles que l’UEMOA et la Communauté Économique des États de l’Afrique de l’Ouest (CEDEAO), a encouragé les États membres à harmoniser les politiques d’intégration économique, y compris le cadre réglementaire applicable au commerce électronique, et de nouvelles réformes doivent être conduites face aux développements rapides de la digitalisation.
Состояние Мирового Населения 2018
Сила Выбора - Репродуктивные Права и Демографический Переход
Народонаселение мира в 2020 году
Против моей воли - бросая вызов действиям, наносящим вред женщинам и девочкам и подрывающим равенство
The State of World Population 2020 report will document the origins, drivers and prevalence of harmful practices within and across developing and developed countries as well as in humanitarian settings. It will also show their impact on girls’ and women’s health, well-being and rights throughout their lives, the impact on demographics, national economies, development and eventual achievement of the sustainable development goals. Where relevant, it will highlight the impact on boys.
Survey of Economic and Social Developments in the Arab Region 2018-2019
The Survey 2018-2019 observes that the Arab region experienced an economic recovery with a growth rate of 2.3% in 2018, up from 1.7% the year before. This recovery was largely attributed to hydrocarbon sector-led growth in the region’s oil-exporting countries, particularly GCC countries. This growth momentum will continue at a modest pace of 2.6% in 2019 and further increase to 3.4% for 2020. Notwithstanding such positive prospect, the region remains linked to geopolitical uncertainties, which are further exacerbated by a number of ongoing intraregional diplomatic rifts and armed conflict. Meanwhile, the Survey 2018-2019 claims that the main challenge facing nowadays the region is its delicate fiscal situation as several Arab countries have already established new energy subsidy systems, aimed at maintaining affordable energy prices against oil price fluctuation. Employing CGE models, the Survey 2018-2019 demonstrates that reducing energy subsidy generates a fiscal space for governments. If the ‘saved’ amounts are totally directed to the reduction of fiscal deficit, fiscal sustainability could be enhanced but economic growth and job creation will be negatively affected. Such simulation result allows policymakers to assess the reform options that promote an inclusive and sustainable development.
